Houston Industrial Development Corporation
1001 Fannin Street
Houston, TX 77002
Contact: Wendy Rodriguez
Phone: (713) 758-3374 Fax: (713) 758-3374
Email: Wrodriguez@velaw.com
Updated as of: 3/31/2009
LEGAL AUTHORITY FOR CREATION AND OPERATION(City)
Sec. 103, U. S. Internal Revenue Code of 1954 as amended; Art. 5190.6, V.T.C.S.; City of Houston Resolution 81-65 and 82-19.
GENERAL POWER AND DUTIES
To act on behalf of the City of Houston in the promotion and development of commercial, industrial, and manufacturing enterprises to promote and encourage employment and the public welfare by issuing obligations and bonds to finance projects promoting and developing commercial, industrial and manufacturing enterprise.
MEETING TIME AND LOCATION
Meet as needed; time and place determined by the Board.
COMPOSITION
Nine Members
Nominated by the Mayor and confirmed by City Council based on consideration of experience in business and business financing and commitment to the intended public purposes of the program.
TERM: Two years. Odd-numbered positions expire on January 1 of odd-numbered years; even-numbered positions expire on January 1 of even-numbered years.
CHAIRPERSON: Elected by the Board.
FINANCIAL ACCOUNTABILITY
Entity is NOT included in the financial reporting for the City of Houston. Required to take an Ethics Course.
MEMBER LIST